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Published: 12 May 2026,05:43
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XAGUSD, H4:
Silver has been undergoing a strong bullish trend, with the metal surging to a fresh monthly high above the $87.00 level after successfully breaking out of its asymmetric triangle price pattern.
The breakout confirms strengthening bullish momentum and signals continuation of the broader upward trajectory. The sharp rally reflects aggressive buying interest following the structural breakout.
However, the rapid upside move has also created a noticeable price imbalance, increasing the likelihood of a short-term technical pullback as the market seeks to stabilize. Such a correction could help alleviate overextended conditions before the metal resumes its broader bullish advance.
Despite the possibility of near-term consolidation or retracement, the overall technical structure remains constructive as long as silver continues to hold above key breakout support levels.
Resistance Levels: 89.70, 95.35
Support Levels: 83.40, 78.70
ETH, H4
Ethereum has recently formed a lower-high price structure, indicating that bullish momentum may be weakening in the near term. The latest price action also shows ETH hovering near its short-term support zone around the $2,310 level, placing the cryptocurrency at a critical technical juncture.
Should ETH continue to trade beneath this key support area and fail to regain upward traction, it would reinforce the bearish outlook and increase the risk of a deeper corrective move.
Momentum indicators currently present a mixed picture. The Relative Strength Index (RSI) has slipped below the midpoint, suggesting that bearish pressure is gradually building. Meanwhile, the Moving Average Convergence Divergence (MACD) remains flat near the zero line, reflecting a lack of strong directional momentum and pointing to a relatively neutral near-term outlook.
Overall, while bearish risks are beginning to emerge, confirmation of a stronger downside move will likely require a decisive breakdown below the $2,310 support level.
Resistance Levels: 2377.35, 2675.00
Support Levels: 2313.05, 1825.80
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